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The detrimental effect of German economic thought on Europe’s economic policy

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29. July 2021 I Economic Policy, Economic Theory, Europe

Cross-posted from Brussels Morning (https://brusselsmorning.com)
 
What is called economics in Germany has become unchallenged ideological preaching. It is not about understanding economic interrelations, but a theology of conviction that is not grounded on facts and theory.
It is hard to believe that the “crème de la crème” of German economists fail time and again to soberly assess unfolding events. …

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Who’s afraid of China?

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1. July 2021 I Countries and Regions, General, General Politics, Globalisation and Development

Cross-posted from Brussels Morning (https://brusselsmorning.com)
 
Sinophobia is a widespread political disease. Beyond China, industrialised countries are also pursuing an unjustifiably confrontational course towards other developing countries.
Reading the press in industrialised countries attentively and listening to their politicians, the impression of an aggressively adversarial West-North global divide is unavoidable. …

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Creeping Protectionism and the WTO

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17. June 2021 I Countries and Regions, Economic Policy, General Politics, Globalisation and Development

Cross-posted from Brussels Morning (https://brusselsmorning.com)
 
The US administration is poised for a smarter balancing of its trade deficit, probably through monetary policy rather than tariffs.
Many free trade apologists are convinced that creeping protectionism is one of the biggest problems facing the global economy. …

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